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Colombia’s unemployment rate dropped to 9.2% in February from 10.3% a year earlier, marking the lowest level for the month since 2001.

Banco de la República left interest rates at 13.25%, a terminal rate that needs to come down ASAP. The cut doesn't need to be radical but at least signal that the easing cycle has begun.

Despite the rain this week, the environment minister announced an immediate $410 million USD relief fund to combat the effects of El Niño.

This represents an uptick from the 8.7% rate registered in June 2017. The overall second quarter unemployment rate this year was 9.4%